Fuel

Gasoline Prices Fall to $2.77 Per Gallon

The national average price for gasoline fell 4.3 cents to $2.778 for the week ending Dec. 1, continuing a fuel price decline expected to mirror the declining price of oil.

Brent crude reached $70 a barrel for the week ending Nov. 28 and has declined 40 percent since June. The gasoline price decline began in late June and has reached a four-year low. Gasoline averaged $3.704 per gallon at the time, according to the U.S. Department of Energy.

The average price of gasoline now costs 49.4 cents less than it did a year ago. It fell in nine regions and had its sharpest drop in the Rocky Mountain region of 7.2 cents to $2.861 per gallon. The region with the lowest price remains the Gulf Coast region at $2.531 per gallon.

Gasoline prices have fallen below $3 per gallon in 42 states, and below $2.75 per gallon in 18 states. Missouri has the lowest average price of $2.472 per gallon, according to the AAA's Daily Fuel Gauge Report.

Meanwhile, the average price of diesel fuel fell 2.3 cents to $3.605 per gallon for the week. Diesel now costs 27.8 cents less than it did a year ago.

Fuel

Chevrolet will allow drivers to pay for fuel at participating Shell stations using a mobile app in the vehicle's infotainment system with a new electronic payment solution, General Motors has announced.

The outlook for national average on-highway diesel prices is for them to be higher this year and in 2019 than they were last year and in 2016, but they should at least be fairly stable during this time, according to the latest Short Term Energy Outlook from the U.S. Energy Department.

The national average price of unleaded gasoline jumped 5 cents to $2.49 per gallon in the first week of 2018 and has reached a level not seen since 2014 during the week that starts the new year, according to AAA.